Laser Power and Infra Ltd Seeks ₹1,200 Crore IPO to Improve Balance Sheet

New Delhi, September 29 -Laser Power and Infra Ltd (LPIL), a Kolkata-based cable and conductor manufacturer, has submitted a Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for raising ₹1,200 crore through an Initial Public Offering (IPO). The firm is looking to be valued at between ₹5,500 crore and ₹6,500 crore, with an aim to strengthen its financial position and enable future growth plans.

Laser Power and Infra Ltd IPO Structure

The IPO structure proposed is twofold:

• Fresh Issue of Equity Shares: LPIL is issuing fresh equity shares aggregating ₹800 crore.
• Offer for Sale (OFS): Promoters Deepak Goel, Rakhi Goel, and Devesh Goel are offering shares aggregating ₹225 crore, ₹50 crore, and ₹125 crore, respectively, aggregating ₹400 crore.

Apart from this, LPIL can contemplate a pre-IPO sale of equity shares of up to ₹160 crore. In case such a sale happens, the proceeds will be set off against the fresh issue.

Laser Power and Infra Ltd IPO Application of Proceeds

The money raised through the fresh issue will be applied as under:

• Repayment of Debt: ₹600 crore will go towards repayment of certain borrowings, which will substantially lower the company’s overall debt.
• General Corporate Uses: The balance of the funds will be applied to general corporate uses, financing operational and strategic initiatives.

Laser Power and Infra Ltd IPO Business Operations

Incorporated in 1988, LPIL has two segments of business: manufacturing and Engineering, Procurement, and Construction (EPC). LPIL produces power cables, conductors, and specialty products for the power transmission and distribution sector. As of March 31, 2025, LPIL has three manufacturing facilities in West Bengal having an aggregate installed capacity of 73,100 metric tons.

Laser Power and Infra Ltd IPO Clientele

LPIL caters to a varied client base, including:

• Government Bodies: Indian Railways, TP Central, TP Western, TP Northern, and TP Southern Odisha Distribution Ltd.
• Private Sector Companies: Montecarlo Ltd and KRYFS Power Components Ltd.

Laser Power and Infra Ltd IPO Financial Performance

For the year ending March 31, 2025, LPIL has reported:

• Revenue from Operations: ₹2,570 crore.
• Profit After Tax (PAT): ₹106 crore.

These are staggering increases from the last fiscal year, reflecting the strong financial health of the company.

Laser Power and Infra Ltd IPO Industry Context

The Indian conductor and cable market was worth USD 9.32 billion in 2024 and is expected to grow to USD 17.08 billion by 2032 due to infrastructure and manufacturing expansion. LPIL will become a part of already listed peers like Polycab India, KEI Industries, APAR Industries, R R Kabel, Finolex Cables, and Universal Cables after listing.

Laser Power and Infra Ltd IPO Lead Managers

IIFL Capital Services and ICICI Securities have been mandated as the book-running lead managers to the IPO.

Laser Power and Infra Ltd IPO Key Takeaway

LPIL’s IPO offers an opportunity for investors to be a part of a market leader in power transmission and distribution. The company’s robust financial performance, strategic utilization of IPO proceeds, and placement in a rising industry render it a compelling consideration among interested investors.

REF: https://www.bseindia.com/corporates/download/319087/IPO Prior/LaserpowerandinfraltdDRHP_20250928013017.pdf

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